SoSoValue

Rally

Solana

<h3 id="key-takeaways">Key Takeaways</h3>
<ul>
 <li>Solana is currently changing hands around $78, representing approximately 30% gains from June’s bottom at $60.13</li>
 <li>The token has reclaimed territory above its 50-day EMA positioned at $76.82, though the $81.50 trendline remains a barrier</li>
 <li>Speculative interest is climbing with derivatives volume increasing 15%, while ETF channels show no new capital for 48 hours</li>
 <li>Technical analysis reveals a SuperTrend buy indication—the first observed since October 2025</li>
 <li>Japanese financial giant SBI Holdings has announced collaboration to develop blockchain-based financial systems</li>
</ul>
<p>Solana has demonstrated consistent upward momentum throughout the current week, hovering around the $78 mark following a substantial 30% appreciation from its June bottom at $60.13. This recovery phase has successfully pushed SOL above its 50-day Exponential Moving Average (EMA) positioned at $76.82, establishing this technical level as immediate price support.</p>
<figure class="wp-caption aligncenter"><img src="https://blockonomi.com/wp-content/uploads/2026/07/chart-27-2.webp" alt="Solana (SOL) Price" width="1824" height="1248">
 <figcaption><a href="https://www.coingecko.com/en/coins/solana?chart=type%3Dprice%26mode%3Dline%26timeframe%3Dd7" rel="noopener noreferrer nofollow">Solana (SOL) Price</a>
 </figcaption>
</figure>
<p>Speculative trading activity appears to be fueling this upward movement. According to CoinGlass analytics, derivatives market volume surged 15% to reach $6.90 billion over the last 24-hour period, while Open Interest maintained stability around $4.93 billion. The current funding rate stands at 0.0040%, indicating modest bullish sentiment among leveraged traders.</p>
<p>Conversely, institutional participation remains subdued. Exchange-traded fund products tracking Solana have registered consecutive days without fresh capital inflows this week, indicating that traditional finance participants are adopting a wait-and-see approach.</p>
<figure class="wp-caption alignnone"><img src="https://blockonomi.com/wp-content/uploads/2026/07/image-1784098589891.png" alt="" width="2152" height="1018">
 <figcaption>
  Source: SoSoValue
 </figcaption>
</figure>
<p>The critical price point under observation is $81.50. This level coincides with a declining trendline, and a definitive daily candle closure above this threshold would provide the first technical validation that the bearish trajectory is reversing. Should bulls successfully breach this barrier, subsequent price objectives include $83.81, followed by the 78.6% Fibonacci retracement level at $88.56.</p>
<h3 id="critical-resistance-zone-between-89-and-92">Critical Resistance Zone Between $89 and $92</h3>
<p>A more substantial challenge awaits at higher levels. The $89 to $92 price corridor has repeatedly repelled upward advances since March, establishing it as a formidable obstacle that bulls must overcome before $100 becomes a realistic target. The 200-day EMA currently positioned at $94.52 further reinforces this resistance cluster.</p>
<p>Crypto analyst Ali Martinez highlighted that the SuperTrend technical indicator has generated its inaugural buy signal since October 2025. His technical assessment suggests potential price objectives near $96 and $121 if consistent purchasing pressure materializes.</p>
<div class="embed-x">
 <blockquote class="twitter-tweet">
  <p>SOLANA TURNED BULLISH</p>
  <p>The ATR trailing stop has flipped below price, marking the first SuperTrend buy signal since October 10.</p>
  <p>If buying pressure continues to build, <a href="https://x.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> could rally toward $96 or even $121. However, $60 remains the key level to watch.</p>
  <p>A break below that… <a href="https://t.co/Femtlawn2r" rel="noopener noreferrer nofollow">https://t.co/Femtlawn2r</a><a href="https://t.co/pJSFngWZiN" rel="noopener noreferrer nofollow">pic.twitter.com/pJSFngWZiN</a></p>
  <p>— Ali Charts (@alicharts) <a href="https://x.com/alicharts/status/2077271441914134643?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2026</a></p>
 </blockquote>
</div>
<p>Market analyst Michaël van de Poppe emphasized the significance of the present price zone, stating on X that maintaining current levels could facilitate a move toward $120 over the upcoming months. He attributed this optimistic outlook to the recent market-wide recovery that has improved overall trading conditions.</p>
<div class="embed-x">
 <blockquote class="twitter-tweet">
  <p><a href="https://x.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$SOL</a> holds this crucial level for support and makes it therefore increasingly more likely that it continues to run to $120 in the coming 1-2 months. <a href="https://t.co/PPFJXcDUIi" rel="noopener noreferrer nofollow">https://t.co/PPFJXcDUIi</a></p>
  <p>— Michaël van de Poppe (@CryptoMichNL) <a href="https://x.com/CryptoMichNL/status/2077422940271136783?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">July 15, 2026</a></p>
 </blockquote>
</div>
<h3 id="strategic-alliance-with-sbi-holdings">Strategic Alliance with SBI Holdings</h3>
<p>Solana received additional positive momentum through a newly announced institutional collaboration. SBI Holdings, a prominent Japanese financial services corporation, has entered into a strategic partnership with the <a href="https://coincentral.com/solana-sol-casinos/" rel="noopener noreferrer nofollow">Solana network</a> to develop blockchain-based financial infrastructure. This initiative encompasses stablecoin integration, real-world asset tokenization, international settlement systems, and payment solutions for artificial intelligence agents.</p>
<p>Decentralized exchange platforms operating on Solana processed approximately $4.15 billion in trading volume during a 24-hour measurement period, positioning the network favorably compared to competing blockchain ecosystems in terms of this performance metric.</p>
<p>Regarding downside scenarios, the $74–$75 price band represents the crucial support area requiring attention. Technical analyst BitGuru identified this zone on X as a significant near-term foundation. A breakdown beneath this range could trigger downward movement toward $68.88, with June’s low at $60.13 serving as the more substantial structural support level.</p>
<p>The Relative Strength Index currently registers near 54, demonstrating modest positive momentum while remaining outside overbought territory. The MACD indicator is converging with its signal line, maintaining a relatively neutral technical posture.</p>
<p>The post <a href="https://blockonomi.com/solana-sol-price-first-supertrend-buy-signal-since-october-sparks-rally-hopes/" rel="noopener noreferrer nofollow">Solana (SOL) Price: First SuperTrend Buy Signal Since October Sparks Rally Hopes</a> appeared first on <a href="https://blockonomi.com" rel="noopener noreferrer nofollow">Blockonomi</a>.</p>

Solana (SOL) Price: First SuperTrend Buy Signal Since October Sparks Rally Hopes

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